trade receivables and payables cut-off

1. Y/e balance by definition "year end" will take account of invoices raised and cash received before the y/e. 2. Yes - because it would have to be a cash book adjustment - it would be detected by the bank reconciliation. 3. As for 1. the balance at the reporting date must take account of the transactions that precede that date. This would just be a timing difference on the bank reconciliation and supplier's statement reconciliation. 4. This isn't possible unless, through an error, the payment hasn't been recorded in the cash book. So it would be a cash book adjustment.